Portions of Hobbico are getting bought up, but not Revell

I did a quick google search for Blitz 18-313GmbH.  There wasn't much info available, but it looks like they became a registered company in Munich, Germany in January of this year.  I wonder if someone formed this company to buy Revell.  

Yep, one thought is, it's the managing director's of RoG.  3.9 mil, nice fire sale for both.

**EDIT**  looks like it may be a financial company that turns distressed companies around, so will have to wait and see what the  future holds for them.

Ok, so I'm not real good with leaglese but does this mean this Blitz company is buying?

http://upshotservices.s3.amazonaws.com/files/ff11e972-f6c7-458c-a00b-05e14958d7f7/5ed51134-635a-4fd4-882c-7cf95721ae59.pdf

I could never figure out these licensing agreements.  My understanding of copyright and patent agreements is that they are to prevent someone buying a fake article, or in the creator not getting proper credit.  But when someone buys a model of something, how in the world could they believe they are buying the real product?

And in terms of patenting most designs, like a whole airplane or a whole car, my belief is that this is meaningless.  A  patent is to protect a new and innovative technology or technique.  A patent that protects a part of a vehicle, or some unique aspect of the design, is legit, not the whole thing.  Airplanes and cars have been around for a century!  Besides, with military aircraft, the taxpayers really paid for its creation.

I'd like to see more big money plantiffs (if there are any) challenge more of those protections.

They are all owed $$$$$.

^^^ Yikes Yikes!^^^
Legal paperwork!  I guess there are a whole lot of copyright protection agreements and license agreements that need to be worked out.

armor 2.0

Has anyone heard of revell fate yet

 

http://upshotservices.s3.amazonaws.com/files/ff11e972-f6c7-458c-a00b-05e14958d7f7/4e54da80-4526-4b73-8c41-f41ed9ec0f2f.pdf

and 

http://upshotservices.s3.amazonaws.com/files/ff11e972-f6c7-458c-a00b-05e14958d7f7/d755cb4a-0d30-4457-8c13-e3918aeb4b83.pdf

The meeting scheduled for 10 oclock on 10-April has been postponed to 2:00  on 13-April.   There are multiple objections filed to the sale,  Traxxas. GM, Ford, Lockheed, etc.

modelmaker66

The issue is not the company or what it has to offer, it is that you buy the debt with company. Now 4-5 million on top of the asking price? The value is significantly lowered with that. Who would buy them with your foot in a 5 million dollar bucket to start off with. It doesn't seem a shrewd business move.

 

Suspect in a fire sale, most of that debt is going to be written off as the creditors won't see much return on the $

Has anyone heard of revell fate yet

The issue is not the company or what it has to offer, it is that you buy the debt with company. Now 4-5 million on top of the asking price? The value is significantly lowered with that. Who would buy them with your foot in a 5 million dollar bucket to start off with. It doesn't seem a shrewd business move.

richs26

Tuesday will be the reckoning day for RM-USA and RoG so buckle up for the ride.

 

Crossing my fingers....

modelcrazy

I can't see Revell or whatever it becomes going away from the scene. Their inexpensive (relatively) kits are a mainstay for beginners. Other than Linberg and a few others, that niche will be missing.

I could be wrong though.

Tuesday will be the reckoning day for RM-USA and RoG so buckle up for the ride.

I will by Revell and all the molds double the price of kits because I'll be adding a bunch of unnecessary parts to the kits that way I'll be like dragon more pieces more money. Bid submitted yea right

EdGrune

 

 

 They owe the good folks here at Kalmbach $215.83

 

"New Product Rundown"  

I can't see Revell or whatever it becomes going away from the scene. Their inexpensive (relatively) kits are a mainstay for beginners. Other than Linberg and a few others, that niche will be missing.

I could be wrong though.

goldhammer

Since quite a bit of their stuff is molded in China, I figure the outfit doing their molding is holding out for the fire sale, and going to pick it up for less than .50  on the $

 

Isn't there a big difference in tariffs if the product is a finished product to be sold retail versus a subcontracted part used for a product?

BlackSheepTwoOneFour

 

goldhammer

Since quite a bit of their stuff is molded in China, I figure the outfit doing their molding is holding out for the fire sale, and going to pick it up for less than .50  on the $

 

 

 

 

Since some of the stuff is molded in China, watch how much tarriff China will slap on the products. I see a huge jump in prices in model kits from the molds itself. Wait and see....

 

Won't be China sticking tarriffs on it....Would be the US since it is being imported here from China, and not just any Revell stuff.  All of them.  If the US wants to get that far down the food chain with them.

Don Stauffer

First Monogram, now Revell.  Soon there won't be any American kit companies. It will be like trying to buy an American-made tv these days...

Well, Monogram is still here, it's part of the company that calls itself "Revell."  You can make an argument that when Oddessy Partners merged the two companies, Revell disappeared in all but name.  The operations in California were shut down, and the new merged company operated from Monogram's facilities in Illinois.  But it was decided to use the Revell brand, because it had recognition outside the US.

Regarding this whole Hobbico issue, I'm not worried.  I think Revell will emerge from this this, in some form.

Meanwhile, Airfix is still in the same boat vis-a-vis its parent, Hornby, who face bankrupcty.

I think these companies have the problems they have because they expanded too fast and took on too much debt, not because of any problems with our hobby.

Gee Don ;

 I wonder if anyone remembers them . I still have two Scientific ships in the Box .The Monster 1/96 Freighter and a Bluenose solid hull .

goldhammer

Since quite a bit of their stuff is molded in China, I figure the outfit doing their molding is holding out for the fire sale, and going to pick it up for less than .50  on the $

 

Since some of the stuff is molded in China, watch how much tarriff China will slap on the products. I see a huge jump in prices in model kits from the molds itself. Wait and see....

First Monogram, now Revell.  Soon there won't be any American kit companies. It will be like trying to buy an American-made tv these days.

I have built both Monogram and Revell kits for decades.  Sorry to see them go.

As an aside, does anyone remember Scientific?  In the last couple of Micro Mark flyers, there is an explanation that MM is the survivor of the old Scientific.  I sure remember them- my first ship models were from Scientific.

Interesting 

Notice has been filed that the Global Revell lot (i.e. Revell USA) and the Revell Germany lot along with other non-conforming lots will be sold on 10 April

http://upshotservices.s3.amazonaws.com/files/ff11e972-f6c7-458c-a00b-05e14958d7f7/21835f04-3653-414a-91c6-bcbd55292030.pdf

This lends more credence that a bidding group called Round3 LLC entered a bid for all or part of the model business on 28 March, when the RC and Estes rocket units were sold.  The bid did not match the 'stalking horse' value placed by the debtors on these lots.  Who is Round3?  I think it may be a joint venture of Round2 and other parties

If you read through the tables of assets and liabilities,  the tooling is identified but not as individual items.  Also listed as assets are the Revell trademarks and the copyright to the models.   Chinese molding companies are listed as creditors.  Also listed as creditors are various license holders; NASCAR, Ford, Daimler, Lockheed-Martin, Ed Roth estate, Wright Brothers estate, and others.  The molding companies cannot just hold onto the molding dies and start producing models.  They are going to have to go  through the court and obtain the intellectual property rights, trademarks and copyright (especially where you're talking about industrial entities).. 

Since quite a bit of their stuff is molded in China, I figure the outfit doing their molding is holding out for the fire sale, and going to pick it up for less than .50  on the $